NEW YORK — The J. Jill Group Inc.’s continuing retail store rollout contributed to significant profit and sales gains in the third quarter.
For the three months ended Sept. 28, the Quincy, Mass.-based multichannel retailer saw net income rise by almost one-third, gaining 31.4 percent to $3.6 million, or 18 cents per diluted share. That compares with the year-ago quarter when the company recorded earnings of $2.8 million, or 15 cents. While third-quarter results included a one-time charge of approximately $1 million, or 3 cents, for costs incurred related to a potential strategic acquisition by the company that was later abandoned, earnings per sharematched the Wall Street consensus estimate.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"